Front Street Capital Management Inc. Grows Position in The Manitowoc Company, Inc. $MTW

Front Street Capital Management Inc. lifted its position in The Manitowoc Company, Inc. (NYSE:MTW) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,321,784 shares of the industrial products company’s stock after purchasing an additional 57,761 shares during the quarter. Manitowoc accounts for 5.0% of Front Street Capital Management Inc.’s portfolio, making the stock its 7th largest position. Front Street Capital Management Inc. owned about 0.09% of Manitowoc worth $38,699,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. IES Holdings Inc. bought a new stake in Manitowoc in the 4th quarter valued at $14,688,000. Kennedy Capital Management LLC raised its stake in shares of Manitowoc by 40.2% in the 4th quarter. Kennedy Capital Management LLC now owns 818,618 shares of the industrial products company’s stock valued at $9,815,000 after buying an additional 234,840 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Manitowoc by 28.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 998,723 shares of the industrial products company’s stock worth $11,975,000 after acquiring an additional 222,858 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Manitowoc by 154.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 340,280 shares of the industrial products company’s stock worth $4,090,000 after acquiring an additional 206,313 shares during the period. Finally, UBS Group AG boosted its position in shares of Manitowoc by 86.2% during the 3rd quarter. UBS Group AG now owns 384,062 shares of the industrial products company’s stock valued at $3,844,000 after acquiring an additional 177,823 shares in the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MTW. Weiss Ratings reissued a “sell (d+)” rating on shares of Manitowoc in a research report on Wednesday, May 20th. Wall Street Zen lowered Manitowoc from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Strong Sell” and an average price target of $10.33.

Insider Buying and Selling at Manitowoc

In other news, Director Kenneth W. Krueger sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $11.80, for a total transaction of $106,200.00. Following the completion of the sale, the director owned 162,672 shares of the company’s stock, valued at approximately $1,919,529.60. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.96% of the company’s stock.

Manitowoc Stock Up 0.9%

Shares of NYSE:MTW opened at $13.78 on Friday. The Manitowoc Company, Inc. has a 52 week low of $9.09 and a 52 week high of $15.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 2.10. The company’s fifty day moving average is $12.86 and its 200-day moving average is $13.07. The company has a market capitalization of $494.95 million, a PE ratio of 68.92 and a beta of 1.72.

Manitowoc (NYSE:MTW) last posted its earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.17). The firm had revenue of $494.60 million during the quarter, compared to the consensus estimate of $517.00 million. Manitowoc had a return on equity of 1.85% and a net margin of 0.33%.The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.16) EPS. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Equities research analysts predict that The Manitowoc Company, Inc. will post 0.68 earnings per share for the current fiscal year.

About Manitowoc

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.